Short Term Elliott Wave view in NZDUSD suggests that cycle from 9.30.2024 high is in progress as an impulse. Down from 9.30.2024 high, wave (1) ended at 0.5813 and wave (2) ended at 0.5929. Pair has resumed lower in wave (3) which ended at 0.5583 as the 1 hour chart below shows. Rally in wave […]
In focus today Today will be quiet on the macro front, with US markets closed for Labor Day. In Sweden, PMIs are due 8.30 CET. Like trends observed in many other countries, the manufacturing sector appears to be the weaker segment. The NIER survey, released last week, indicated that business sentiment in August remained nearly […]
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